Nifty and Bank Nifty October futures Overview – I

Nifty Hourly Charts

Nifty and Bank nifty October futures is in sell mode since 20th September and currently the resistance zone come near 6011 and 10384 respectively. Reverse your strategy to positional longs if the resistance zone breaks on the hourly mode.

Bank Nifty Hourly Charts

Currently 5700CE and 5800CE holds the higher open interest in Nifty October option series and 6000PE and 6100PE holds the higher open interest on the put side but relatively lower open interest when compared to 5700CE and 5800CE. 5700 is the important support zone for this series as most of the option writers are crowded there in building open interest at this moment.

Nifty Open Interest

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